Play the stock if you want but the bottom line..Section 232 is dead.
Trump supports the domestic uranium ecosystem and instructs a "working group" to find solutions
The ONLY solution to the woes of US miners is a higher price
Without quotas the only way to drive the price higher would be tariffs on selected nations exports of uranium...obviously Canada would benefit from this and it would instantly drive the price of US uranium to the global price + tariff....whatever the tariff might be.
If it was a 10% tariff on Russian or Kaz uranium contract price would go up to $35..big deal
If it was a 25% tariff the price would go to $42..still not high enough to make a profit
The utilities would foot the bill and pass it along so that won't change
Or, the government could subsidize US producers like it has wind and solar but that would just keep them on life support
So absent a quota system where utilities are FORCED to buy from US miners at profitable prices above $50....what is Trump going to do that could move the needle?
Not much it seems to me..it still remains a fundamental supply/demand equation that only time will remedy.
Play the stocks if you like but I don't see any great windfall now that quotas are off the table